April 23rd 2007
New legislation. Conventional mortgages no longer 75% loan to value (LTV). Now 80% LTV without CMHC/Genworth insurance.
Stay tuned for more news about this ever changing mortgage scene.
And no..... we're not going to have a situation like they have in the USA. Canadian lending is much more conservative
Residential Real Estate Sales. Listing-Buying, Renovating, Additions, Custom New Build.
This sounds like a great plan. What was the rational behind this? Was Twenty Five Percent getting a little too high considering the prices of homes today?
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